Petroleum Jelly Price in Panama - 2023

Contents:

1. Petroleum Jelly Price in Panama (CIF) - 2022
2. Petroleum Jelly Price in Panama (FOB) - 2022
3. Petroleum Jelly Imports in Panama
4. Petroleum Jelly Exports in Panama

Petroleum Jelly Price in Panama (CIF) - 2022

The average petroleum jelly import price stood at $1,677 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a mild increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $4,349 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,779 per ton), while the price for the United States totaled $1,421 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Jelly Price in Panama (FOB) - 2022

In 2022, the average petroleum jelly export price amounted to $1,684 per ton, dropping by -10.4% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $2,711 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($2,292 per ton), while the average price for exports to Barbados ($641 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Jelly Imports in Panama

Petroleum jelly imports into Panama rose slightly to 182 tons in 2022, picking up by 5% on the previous year. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 145%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, petroleum jelly imports expanded significantly to $304K in 2022. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 107%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Petroleum Jelly to Panama in 2022:

1. India (106.1 tons)
2. United States (72.8 tons)

Petroleum Jelly Exports in Panama

In 2022, shipments abroad of petroleum jellies was finally on the rise to reach 4.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic slump.

In value terms, petroleum jelly exports soared to $7.1K in 2022. In general, exports, however, faced a precipitous contraction.

Top Export Markets for Petroleum Jelly from Panama in 2022:

1. Guatemala (1938.0 kg)
2. Dominican Republic (999.0 kg)
3. Colombia (789.0 kg)
4. Venezuela (146.0 kg)
5. Honduras (97.0 kg)
6. Barbados (64.0 kg)

Source: IndexBox Market Intelligence Platform